Organization Name Developing a Risk Management Mindset Checklist Needs Yes Attention

1. Do you have a designated risk manager who is familiar with your ministry’s policies and procedures?

2. Does your risk manager have adequate time for this responsibility and the authority to implement risk control measures?

3. Do you have a risk management committee made up of members who have professional experience in areas like administration, finance, childcare, or construction?

4. Do the members of your risk management committee possess good communication skills and the ability to creatively solve problems?

5. Do you evaluate which areas of your ministry could cause the highest number of losses (accidents, damages, injuries)?

6. Do you determine which areas of your ministry could cause the most expensive losses?

7. Do you determine which areas of your ministry could benefit the most from safety improvements?

8. Do you make a list of which areas of your operations are most important to your ministry?

9. Do you make a comprehensive list of potential hazards within each area of your ministry? (These include damage or loss of equipment, damage or loss of property, theft or loss of finances, illness, lawsuits against the ministry, sexual abuse or molestation, injury or death.)

10. Do you estimate the frequency of each potential hazard, from highly unlikely to highly likely?

11. Do you determine the severity (or cost) of each potential loss, from low to high?

12. Do you consider the relationship between risk frequency and risk severity? (For example, drowning has a low frequency but high severity. Slip-and-fall accidents generally have a high frequency but low severity.)

13. Do you identify ways to avoid high-frequency, high-severity risks?

14. Do you identify ways to prevent high-frequency, low-severity risks?

15. Do you identify ways to reduce low-frequency, high-severity risks?

(Continued next page) Needs Yes Attention

16. Do you identify ways to modify your plan to better control risks?

17. Do you record the reasons behind your risk assessments in writing?

18. Do you regularly re-evaluate hazards to be sure that you are appropriately addressing them as your ministry changes through the years?

This is a sample document only. Your organization is responsible for compliance with all applicable laws. Accordingly, this checklist should not be used or adopted by your organization without first being reviewed and approved by an attorney. Brotherhood Mutual assumes no liability in preparation and distribution of this checklist. ©2020 Brotherhood Mutual Insurance Company. All rights reserved.

M200 (1/20)